Goodman to repurchase USD325 million of notes

Friday, 29 September 2017

Goodman Group (“Goodman”) today announced it has given notice that it will repurchase all the outstanding USD325 million 6.375% notes due November 2020 in accordance with the “make-whole” provisions contained within their terms of issue. The price will be calculated shortly before settlement, which is expected to be 31 October 2017.

This follows the successful close of the previously announced new issues USD850 million 10.5 and 20 year notes and Euro500 million 8 year notes, and the repurchase of USD545 million of notes due in 2021 and 2022 and GBP129 million of notes due in 2018.

In addition, the Repurchase of the AUD327 million Goodman PLUS is scheduled to occur on 2 October 2017, as previously disclosed.

The weighted average maturity of the new bonds is 11.7 years which increases the weighted average maturity on the total drawn debt from 3.2 years to 8.2 years.

The notes referenced above have not been, and will not be, registered under the US Securities Act of 1933, as amended (the “US Securities Act”), or the securities laws of any state of the United States, and the notes may not be offered or sold in the United States, or to, or for the account or benefit of a US person (as defined in Regulation S under the US Securities Act), except in a transaction exempt from the registration requirements of the US Securities Act and applicable state securities laws.

About Goodman
Goodman Group is an integrated property group with operations throughout Australia, New Zealand, Asia, Europe, the United Kingdom, North America and Brazil. Goodman Group, comprised of the stapled entities Goodman Limited, Goodman Industrial Trust and Goodman Logistics (HK) Limited, is the largest industrial property group listed on the Australian Securities Exchange and one of the largest listed specialist investment managers of industrial property and business space globally.